Syracuse, NY – Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market Ainsley Industrial Park, a 307,000-square-foot industrial property located at 621 E Brighton Avenue in Syracuse, New York, for sale.
Cushman & Wakefield’s Gary Gabriel, Kyle Schmidt, Seth Zuidema and Maia Sirabian are working alongside Pyramid Brokerage’s John Clark and Stephen Scuderi to lead marketing efforts on behalf of the seller. The property is being marketed to investors and users given the desirable location and multitude of potential use cases.
“Situated on 8.6 acres at Exit 1 off I- 481, Ainsley Industrial Park is located minutes from downtown Syracuse, making it one of the best positioned multi-tenant industrial destinations in market,” said Clark.
“The property is fully leased with a history of long-term tenant commitment, proving the desirability of this location,” added Scuderi.
Ainsley Industrial Park totals 307,000 square feet and features 18 oversized drive-ins, 14 dock-high doors, ample parking and is fed by 1,200- and 800-amp power service. Ceiling heights vary up to 24-foot clear heights. Current in-place rents at the property are well below market rent, presenting potential purchasers with an opportunity to significantly increase rental income.
The property is located less than 10 minutes from Syracuse city center and the University of Syracuse and is located immediately off Interstate 481 providing connectivity to all major roadways in the region. Syracuse is well positioned for economic growth, particularly given Micron’s recently announced plans for a $100 billion semiconductor plant, slated to be the largest in the U.S., projected to create over 50,000 new jobs. In addition to Micron, TTM Technologies is planning a $100 million expansion at its Syracuse facility. A $2.25B renovation of Interstates 81 and 481 will create increased demand for workers, materials and real estate of all types, including Ainsley Industrial Park.
A photo of the property can be downloaded here.